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10-7 Linton Company purchased a delivery truck for $29,000 on January 1, 2017. The truck has an expected salvage value of $2,900, and is expected
10-7 Linton Company purchased a delivery truck for $29,000 on January 1, 2017. The truck has an expected salvage value of $2,900, and is expected to be driven 101,000 miles over its estimated useful life of 8 years, Actual miles diven were 16,600 in 2017 and 13,100 in 2018. Calculate depreciation expense per mile under units afactivity method. (Round answer to 2 decimal places, g. 0.50.) Depreciation expense s per mie Compute depreciation expense for 2017 and 2018 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-decining-balance method. (Round depreciation cost per unit to 2 decimal places, e.o. 0.50 and depreciation rate to 0 decimal U. 1550. Round to 0 decin U. 2,125. 2017 2018 e method s Straight. (2) Units of activity method s Declining balance method Assume that Linton uses the straight-line method. Prepare the journal entry to record 2017 depreciation. (credit account titles are automatically indented when amount is entered. Do nol indent manually. II no entry is reguired, select "No Entry" for the titles ter 0 for th to 0 de mal places, e.g. 2,125.) Arnount Titl
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